Ecosystem
Expanding
TVL +4% in 30 days · $1.04B → $1.08B
State of Robinhood Chain · Week 44 read · Nov 1 close
Robinhood Chain
holds its ground.
TVL fell 4% this week to $1.08B, up 4% over 30 days. Weekly fees eased to $11.9M as activity settles from September's launch peak, and projects kept 18.4% of fees as revenue.
Activity
Cooling
Off September's launch peak · $401M → $76M a month
Protocol revenue
Slipping
Share of fees kept by projects · 19.7% → 18.4%
October 2026 in one line
Fees cooled off. The capital stayed.
Updated daily, as of Nov 1, 2026.
$1.08BTotal value lockedLast 90 days
$78.4MFees, last 30 daysWeekly, last 12 weeks
$16.7MProtocol revenue, 30 daysWeekly, last 12 weeks
$23.4BDEX volume, 30 daysWeekly, last 12 weeks
124RH-native projects earning fees
Source: DefiLlama, through Nov 1, 2026. TVL is each day's close, read at the Nov 2 refresh.
The stock-token economy
Week 44 readRobinhood stock tokens worth $162.1M were on Robinhood Chain at the Nov 1 close, across 202 tokens, up 1% in 30 days. They traded $2.38B on DEXs over the last 30 days, led by NVDA, SPY and SPCX. Launchpads now pair new tokens with stocks: 25,548 launches did so in the last 30 days, most often against SPCX.
$162.1MStock-token value on-chain
202Stock tokens live, of 212 deployed
$2.38BDEX volume, last 30 days
25,548Launches paired with a stock, 30 days
SPY
Live data$20.8M
value on-chain13% of all stock-token value on-chain70,743 holders. $654.5M traded on DEXs in the last 30 days.
NVDA
Live data$18.3M
value on-chain11% of all stock-token value on-chain196,215 holders. $655.8M traded on DEXs in the last 30 days.
SPCX
Live data$13.7M
value on-chain8% of all stock-token value on-chain118,213 holders. $321.1M traded on DEXs in the last 30 days.
CRCL
Live data$10.7M
value on-chain7% of all stock-token value on-chain12,768 holders. $83.8M traded on DEXs in the last 30 days.
Robinhood has deployed 212 stock tokens on its chain. Long, Pons and Bankr let new tokens trade against them: 25,548 launches were paired with a stock in the last 30 days.
Source: Robinhood Chain and GeckoTerminal, through Nov 1, 2026. Holder counts as of the Nov 2 refresh.
Week 44 readAgent projects earned $187k in fees over the last 30 days, led by Orbio, whose fees fell 27% on the month before. How many agents are live, how much inference they use and how much credit they borrow isn't public yet, so we'll read it from the ERC-8004 registry and protocol contracts.
$187kFees, last 30 days
TrackingAgents live
TrackingInference calls
TrackingCredit borrowed
Orbio
Live data$181k
fees, last 30 days100% of fees kept as revenueFees down 27% on the prior 30 days.
Quotum
Live data$6k
fees, last 30 days86% of fees kept as revenueFees down 54% on the prior 30 days.
Priors
TrackingNot in public trackers yet
Unsecured USDG credit lines for ERC-8004 agents, from $5 to $500. Repaying builds a public credit score. To track: agents with credit, USDG lent, repayment rate.
RAETO
TrackingNot in public trackers yet
Agent inference usage on RH Chain. To track: inference calls, paying agents and fees.
In its first week on mainnet, RH Chain saw more than 2,100 agents deployed and $77M in agent volume.
Source: DefiLlama, through Nov 1, 2026. TVL as of the Nov 2 refresh.
Week 44 readLaunchpads earned $15.1M over the last 30 days, down 89% from September's launch peak. Pons alone took 94% of it.
$15.1MFees, last 30 days
−89%vs prior 30 days
16%Kept as revenue
94,085Launches on Pons, Long and Bankr, 30 days
Pons
Live data$14.2M
fees, last 30 days15% of fees kept as revenueFees down 89% on the prior 30 days.
StonkBrokers
Live data$245k
fees, last 30 days86% of fees kept as revenueFees down 69% on the prior 30 days.
Pools
Live data$220k
fees, last 30 days0% of fees kept as revenueFees down 76% on the prior 30 days.
Frontier
Live data$171k
fees, last 30 days25% of fees kept as revenueFees up 806% on the prior 30 days.
40 RH-native launchpads earned fees this month.
Source: DefiLlama, through Nov 1, 2026. TVL as of the Nov 2 refresh.
Week 44 readRH-native DEXs and liquidity managers earned $3.6M on $2.3B of trading volume over the last 30 days, with $32.4M deposited. Fables earned the most, with $2.8M in fees.
$2.3BVolume, last 30 days
$3.6MFees, last 30 days
$32.0MDeposited (TVL)
26%Kept as revenue
Fables
Live data$2.8M
fees, last 30 days11% of fees kept as revenueFees down 35% on the prior 30 days.
up
Live data$484k
fees, last 30 days89% of fees kept as revenueFees down 74% on the prior 30 days.
Alandale
Live data$56k
fees, last 30 days100% of fees kept as revenueFees down 50% on the prior 30 days.
What The Hook
Live data$55k
fees, last 30 days44% of fees kept as revenueFees down 18% on the prior 30 days.
The whole chain did $23.4B in DEX volume, most of it on Uniswap, which isn't RH-native.
Source: DefiLlama, through Nov 1, 2026. TVL as of the Nov 2 refresh.
Week 44 readUniswap v4 pools on RH Chain earned $30.4M in fees over the last 30 days, and hooks are how native teams build on top of them. Fables, a dynamic-fee DEX built on v4, leads the hook projects with $2.8M, up -35%.
$30.4MUniswap v4 fees, 30 days
$170.9MUniswap v4 TVL
$2.9MHook project fees, 30 days
TrackingHooks live
Fables
Live data$2.8M
fees, last 30 days11% of fees kept as revenueFees down 35% on the prior 30 days. Fees tuned per pool: calendar-based for stocks, volatility-based for crypto.
What The Hook
Live data$55k
fees, last 30 days44% of fees kept as revenueFees down 18% on the prior 30 days. Returns arbitrage to traders and LPs instead of outside searchers.
Hookers
Live data$3k
fees, last 30 days30% of fees kept as revenueFees down 96% on the prior 30 days. An incubator for hooked markets.
Uniswap v4 isn't RH-native, so it's context here, not a ranked project. Its fees fell 67% from the prior 30 days.
Source: DefiLlama, through Nov 1, 2026. TVL as of the Nov 2 refresh.
Total value locked
Capital deposited on RH Chain, last 90 days.
$1.08BUp 4% in 30 days
Source: DefiLlama, each day's close through Nov 1, 2026.
Weekly fees by category
All fees paid on RH Chain, last 12 weeks.
$12.4MLast week, down 19%
DEXsLaunchpadsBridgesTrading appsPerpsOther
Source: DefiLlama, Monday-to-Sunday weeks through Nov 1, 2026.
Projects
The 10 RH-native projects earning the most fees, out of 124 tracked. Multichain apps like Uniswap and Morpho are left out of the rankings.
| Project | Category | Fees, 30d | vs prior 30d | Revenue, 30d | Kept as revenue | TVL |
|---|---|---|---|---|---|---|
| Pons | Launchpad | $14.2M | −89% | $2.1M | 15% | — |
| The Standard Reserve | Reserve Currency | $3.0M | +199% | $2.9M | 97% | — |
| Fables | DEX | $2.8M | −35% | $308k | 11% | $23.0M |
| Arcus | Perps | $2.0M | +152% | $1.7M | 88% | $63.8M |
| SLVR | Gamified mining | $581k | −62% | $482k | 83% | $124k |
| up | DEX | $484k | −74% | $428k | 89% | $4.9M |
| StonkBrokers | Launchpad | $245k | −69% | $210k | 86% | — |
| Pools | Launchpad | $220k | −76% | $0 | 0% | — |
| Orbio | AI agents | $181k | −27% | $181k | 100% | — |
| Frontier | Launchpad | $171k | +806% | $42k | 25% | $310k |
| Mosh | Launchpad | $151k | −62% | $78k | 52% | $295k |
| SHROOM | Meme | $68k | −95% | $66k | 97% | — |
| Alandale | DEX | $56k | −50% | $56k | 100% | $526k |
| What The Hook | Liquidity automation | $55k | −18% | $24k | 44% | $325k |
| The Index | Index | $51k | −71% | $51k | 100% | — |
| Arrowfarm | Liquidity manager | $48k | +120% | $10k | 21% | $251k |
| GIGA | DEX | $44k | −93% | $38k | 85% | $910k |
| LetsCash | Launchpad | $33k | −95% | $6k | 17% | — |
| STONX | DEX | $33k | −15% | $33k | 100% | $840k |
| HedgeHood | Launchpad | $31k | −84% | $28k | 91% | $3k |
| Bucket Shop | Yield | $27k | −46% | $27k | 99% | — |
| Goo Exchange | DEX | $20k | New | $15k | 73% | $236k |
| Ramses | DEX | $17k | −90% | $1k | 5% | $391k |
| World is Flat | Onchain voting | $16k | −35% | $16k | 100% | — |
| Rankz | Physical TCG | $14k | New | $11k | 78% | — |
| token.select | Launchpad | $13k | −76% | $4k | 27% | $222k |
| Coinbarrel | Launchpad | $12k | −74% | $4k | 30% | $68k |
| StockRip | Gamified mining | $9k | −81% | $4k | 49% | $162k |
| PAIR | Launchpad | $9k | −98% | $3k | 30% | — |
| GongFu | Yield | $9k | New | $9k | 100% | — |
| Raphael Exchange | DEX | $7k | −64% | $6k | 82% | $254k |
| StonkDrop | Luck Games | $7k | New | $7k | 100% | — |
| AlfaClub | SoFi | $7k | New | $3k | 47% | $32k |
| Gas | Gaming | $6k | −90% | $2k | 35% | — |
| Quotum | AI agents | $6k | −54% | $5k | 86% | — |
| Ouro DEX | DEX | $4k | New | $1k | 25% | $119k |
| Hookers | Launchpad | $3k | −96% | $1k | 30% | $51k |
| HASHCATS | Gamified mining | $3k | −100% | $3k | 100% | $70k |
| TickerSpring | Liquidity automation | $3k | New | $1k | 35% | $44k |
| Orvex | DEX | $2k | −92% | $2k | 100% | $55k |
| SwapHood | DEX | $2k | New | $1k | 72% | $29k |
| Meridian | Prediction Market | $2k | New | $2k | 100% | $3.5M |
| Gage | Lending | $2k | New | $1k | 68% | $34k |
| Titan Locker | Token Locker | $2k | New | $2k | 100% | $119k |
| Pez Family | Launchpad | $1k | −100% | $1k | 98% | $10k |
| Rialto Aggregator | DEX Aggregator | $1k | −92% | $1k | 100% | — |
| Ravenhood Mindshare | Volume Boosting | $1k | New | $1k | 100% | — |
| Overcall | Prediction Market | $1k | New | $1k | 99% | — |
| Meow | DEX Aggregator | $1k | New | $1k | 100% | — |
| Credence | Launchpad | $1k | New | $0 | 16% | — |
| Agen.space | Launchpad | $0 | New | $0 | 33% | — |
| Deepstate | DEX | $0 | −97% | $0 | 100% | $25k |
| Mog | Perps | $0 | −99% | $0 | 97% | $21k |
| bow.fun | Launchpad | $0 | New | $0 | 65% | — |
| Sherwood | Privacy | $0 | New | $0 | 100% | $65k |
| Story.fun | Launchpad | $0 | New | $0 | 100% | — |
| FrothSwap | DEX | $0 | New | $0 | 28% | $15k |
| Onagi Perps | Interface | $0 | New | $0 | 100% | — |
| Lincoln Protocol | Privacy | $0 | New | $0 | 100% | $76k |
| GreenTown | SoFi | $0 | New | $0 | 24% | — |
| Bush | DEX | $0 | New | $0 | 30% | $34k |
| outbidfun.lol | Launchpad | $0 | New | $0 | 91% | — |
| Cook Market | Launchpad | $0 | −100% | $0 | 10% | — |
| RobinSwap | DEX | $0 | New | $0 | 16% | $8k |
| Quiver Protocol | Liquidity manager | $0 | New | $0 | 10% | — |
| LUNA | Gamified mining | $0 | New | $0 | 73% | $2k |
| HoodFrens | SoFi | $0 | New | $0 | 16% | — |
| kicker | Yield | $0 | −100% | $0 | 1% | — |
| Sheriff | DEX | $0 | New | $0 | 23% | $11k |
| TRNCH | DEX Aggregator | $0 | New | $0 | 100% | — |
| HoloLaunch | Launchpad | $0 | New | $0 | 78% | — |
| Astro | Luck Games | $0 | New | $0 | 0% | — |
| heks.fun | Launchpad | $0 | New | $0 | 64% | — |
| Catnip | DEX | $0 | New | $0 | 34% | $22k |
| bskts | Index | $0 | New | $0 | 100% | $2k |
| Mesha | Perps | $0 | New | $0 | 100% | — |
| EL Perps | Luck Games | $0 | New | $0 | 88% | — |
| ParitySwap | DEX | $0 | New | $0 | 16% | $2k |
| Ilyris | DEX | $0 | New | $0 | 10% | — |
| pmav | Launchpad | $0 | New | $0 | 30% | — |
| Orchard | Gamified mining | $0 | New | $0 | 55% | $25k |
| IMF | Launchpad | $0 | New | $0 | 76% | — |
| Morpheus | DEX | $0 | New | $0 | 6% | $3k |
| Epsilon | DEX Aggregator | $0 | New | $0 | 99% | — |
| ArrowPad.fun | Launchpad | $0 | New | $0 | 19% | — |
| Fomotail | Trading App | $0 | New | $0 | 40% | — |
| PerpsFunds | Perps | $0 | New | $0 | 4% | — |
| RH.fun | Launchpad | $0 | New | $0 | 100% | $2k |
| Kiltr | DEX | $0 | New | $0 | 44% | — |
| Capsule | NFT Lending | $0 | New | $0 | 25% | — |
| SolStocker | Launchpad | $0 | New | $0 | 29% | — |
| ArrowPad | Launchpad | $0 | New | $0 | 0% | — |
| Prynt | Launchpad | $0 | New | $0 | 0% | — |
| HoodPump | Launchpad | $0 | New | $0 | 0% | — |
| RobinFlow | Token Locker | $0 | New | $0 | 0% | — |
| Hoodit | DEX | $0 | New | $0 | 0% | — |
| DOTT | Launchpad | $0 | New | $0 | 0% | — |
| Based Alpha | Launchpad | $0 | New | $0 | 0% | $14k |
| flowr | Gamified mining | $0 | New | $0 | 0% | — |
| Quiver | Launchpad | $0 | New | $0 | 0% | — |
| Diggers | Launchpad | $0 | New | $0 | 0% | — |
| Peeps | Launchpad | $0 | New | $0 | 0% | $22k |
| HoodMint | Launchpad | $0 | New | $0 | 0% | — |
| MinePea | Gamified mining | $0 | New | $0 | 0% | — |
| Aaro Trade | Launchpad | $0 | New | $0 | 0% | — |
| STEEL | Gamified mining | $0 | New | $0 | 0% | — |
| Tirelire | Liquidity manager | $0 | New | $0 | 0% | — |
| BowYard | Launchpad | $0 | New | $0 | 0% | — |
| Robhood | Gamified mining | $0 | New | $0 | 0% | — |
| ROAR | Gamified mining | $0 | New | $0 | 0% | — |
| MerryForge | Launchpad | $0 | New | $0 | 0% | $13k |
| Wildcard Games | Luck Games | $0 | New | $0 | 0% | — |
| prism | DePIN | $0 | New | $0 | 0% | — |
| Fake Wall Street | Luck Games | $0 | New | $0 | 0% | $6k |
| Robin Labs | Launchpad | $0 | New | $0 | 0% | — |
| Robin | Domains | $0 | New | $0 | 0% | — |
| 0Swap | DEX | $0 | New | $0 | 0% | — |
| Oter Finance | Lending | $0 | New | $0 | 0% | — |
| Loopr | Yield | $0 | New | $0 | 0% | — |
| SwapOnHood | DEX Aggregator | $0 | New | $0 | 0% | — |
| Fox Brokers | Launchpad | $0 | New | $0 | 0% | — |
| PixelDeed | NFT Marketplace | $0 | New | $0 | 0% | — |
| DaWabLauncher | Launchpad | $0 | New | $0 | 0% | — |
| TradeWood | DEX Aggregator | $0 | New | $0 | 0% | — |
Source: DefiLlama, through Nov 1, 2026. TVL as of the Nov 2 refresh.
How projects earn
Every RH-native project earning over $15k a month. Left to right: how much of its fees the project keeps as revenue, versus passing them on to liquidity providers and users. Up and down: whether its fees grew or shrank on the month before. Circle size is fees.
Hover or tab to any circle for its numbers. Not measurable yet: Priors and RAETO have no public fee data, so we'll track them from on-chain data.
Source: DefiLlama, through Nov 1, 2026. How we count
How the map works
Two questions place every project: how much of its fees it keeps as revenue, and whether its fees are growing. Neither side of the map is better: some business models keep fees, others pass them on to liquidity providers and users. Lime marks every project whose fees are growing. Fee size doesn't decide the group.
- Growing, keeping revenue
- Keeps half or more of its fees as revenue, and fees are growing or new this month.
- Slowing, keeping revenue
- Keeps half or more of its fees, but fees are shrinking.
- Growing, passing fees on
- Passes most of its fees to liquidity providers and users, and fees are growing.
- Slowing, passing fees on
- Passes most of its fees on, and fees are shrinking.